Partiality of RS5 - Part 2

[Manas]

Spoiler for No offense, but:

It's not their fault.
It's yours.

By taking a loan you have been warned about the risks; that theres no profit lays in the state of the economy as it is, players are set on saving money and will only spend when required.

Taking a loan requires you to know about actions for backing up, so that you can recover from the debt.

What was i warned of? Was i warned that business system is ain't working due to circumstances?. For your info, Its totally the scripter's fault to notify us later like after the bug was reported, till then we had taken our loans.

And what do you speak of players not buying commodities? Well they are indeed buying but from state and from our same stores, not from a city hall. Dude, please i urge you to read the whole business script manual if available 

[Devin]

What was i warned of? Was i warned that business system is ain't working due to circumstances?. For your info, Its totally the scripter's fault to notify us later like after the bug was reported, till then we had taken our loans.

And what do you speak of players not buying commodities? Well they are indeed buying but from state and from our same stores, not from a city hall. Dude, please i urge you to read the whole business script manual if available 

How do you expect scripters to warn you about a bug before it has been reported?

[Manas]

How do you expect scripters to warn you about a bug before it has been reported?

Thats the point devin, we[business community] can understand Scripter's hard work and that they would require time. So why can't they understand us by providing a concession? How could you expect us to pay off the loan by other meager sources of income when our Main source is Closed?

[AK47]

I have sucessfully paid of my loan by working as a fireman. And if you would have been smart enough when they announced that RS5 would be buggy you would have done some research in the subject.

[Manas]

I have sucessfully paid of my loan by working as a fireman. And if you would have been smart enough when they announced that RS5 would be buggy you would have done some research in the subject.

They removed the /loan and /purchase first and said it was buggy. Later, they released it and told it was now fixed. Man, i am not God to predict future.

[AK47]

They removed the /loan and /purchase first and said it was buggy. Later, they released it and told it was now fixed. Man, i am not God to predict future.

But you have a brain if I'm correct. So as I said, I'd done some research on the matter.

[Manas]

But you have a brain if I'm correct. So as I said, I'd done some research on the matter.

Well you're right, research was required rather than believing this RS5.

[eymas]

So I would assume you would properly research the pros and cons of taking a loan the next time 

That's what I was trying to say with the warning; "Loaning comes with a cost."
As the loan script also warns you when taking a loan.

[Manas]

Well now provide a concession to us as we bore the unjust costs enough due to this bugs and can't bear anymore. 
I am not saying to write off our loans, well a concession would help us a lot to tackle this RS5 bugs.

[BarelyVisible]

Well now provide a concession to us as we bore the unjust costs enough due to this bugs and can't bear anymore. 
I am not saying to write off our loans, well a concession would help us a lot to tackle this RS5 bugs.

Or you could exit the loan, cut your losses and chalk it all up to experience. 

[Manas]

 

Or you could exit the loan, cut your losses and chalk it all up to experience. 

This would be a nightmare.

[Stivi]

The current loan system do have a interest rate on 6 percent per week. That means 24 percent each month. With other means, it have higher percent rate that was even allowed for loaning companies in RS4. Svensson Bank had 20 percent / Month and it was the maximum amount we could desire. 

This.

VIII.

Loaning

With regard to giving loans, the lender must have a date and exact time for log check. The exact time can be found by using /time at the time of giving the loan. The Courts will not entertain any case without this information (even if you have a screenshot).


Special note: Take all precautions before giving a loan. If the Court believes that the lender has not taken precaution and has given the loan being rash and negligent, the Courts may not entertain the case. Precautions to be taken include - knowing the player(check the date of registration, 1.5 - 2 months is good enough to know the player), ensuring past history of the borrower's loans(enquire with other people/check Court cases[both closed and active topics] to see if he has paid his loans to them) and such other measures such as checking if person own a house, a business or a car.

Loans out of proportion or with extreme rates will not be accepted by the state. (Over 350k or with interest superior to 20 percent will be rejected unless made by affidavit)
If a default of payment appears and money can be taken back from the defendant, it will be fully done.
If a default of payment occurs and money cannot be taken back, only the amount of the loan will be repaid and this is only if judged acceptable. The court reserves itself the right to deny payment. The court reserve itself the right to abatement.

According to the statement above, the loan's interest rate must not exceed 20 percent. In this case, it has. Loans taken from Argonath Bank so far should be not taken into consideration and a new interest rate must be found. An abatement would be preferred as well.

Win.

[BarelyVisible]

:balance:This would be a nightmare.

No it would be a setback, that's how business ventures work. You win some, you lose some.

[Manas]

No it would be a setback, that's how business ventures work. You win some, you lose some.

Sure, and this is all due to a bug not created by us. Thats not related to Business RP world and can you please elaborate how's winning/losing some compared to bugs in server?

Supported, Stivi.

[Exterminator]

Now stivi's got my curiosity..

Slightly offtopic, but perhaps the players can sue the Argobank   

Should be noted that in case we do this, we do it just for fun. There should be no expectation of any rewards and/or settlements but if it goes well, you guys might just get something for the loan after all.